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Sunday, January 26, 2014
Daily Chronology of Global Markets and World Economics
The Daily Chronology of Global Markets and World Economics is now posted on the Keystone the Scribe blog. The market action on Thursday and Friday is very interesting and should be reviewed to understand the undercurrent of the markets. Keystone the Scribe's site is; Keystone the Scribe Here are the latest current events for Sunday;
Global violence continues. The US, Germany, France and other
Euro nations urge President Yanukovich to bring calm to Kiev, otherwise, trade and
Euro zone economics may be negatively affected. Russia warns the west to not
interfere with the Ukraine. 300 tourists take ill with stomach flu aboard a
Royal Caribbean Cruises ship. RCL may puke tomorrow morning. France’s Hollande
splits from his long time companion and First Lady Valerie Trierweiler choosing
the young film actress Julie Gayet instead who will now accompany him as he
performs political duties. Perhaps Hollande can now focus more on France’s
economic problems rather than his love life.
The FBI, SEC and other government regulators
continue to target the large banks such as BAC and others concerning market
manipulation, price fixing and other nefarious behavior in the commodities,
currency and futures markets. Michaels Stores is investigating possible
fraudulent activity with customer card accounts a la the Target and
Nieman-Marcus problems. China voices concern over the US imposing duties on
solar panels and products. The protectionism wars continue to rumble and
develop. Each country tries to protect its interests as the global economy
falters and in the end, everyone is dragged lower. President Obama’s State of
the Union speech is Tuesday night and his words will greatly affect solar,
natty gas, coal and energy stocks.